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Jonathan Kay: Simple minds, easily caught!

Byline: Jonathan Kay

SHARP minds is the tag Betfair uses to describe its users, and you certainly needed to be pretty sharp to fathom what was happening on the exchange prior to Droopys Lampard's appearance in the fifth heat of the William Hill Puppy Derby at Wimbledon on Saturday.

A 4-5 favourite on-course, Ted Soppitt's dog was trading around the same mark on the exchange when a massive lay of some pounds 50,000 at 1.9 (10-11) suddenly appeared.

It was hardly the biggest drift in the world, but did the sheer size of the opposition signify a lack of confidence in the favourite's chances? Doubtless a few market watchers thought so and promptly upped their own lay offers - both in price and amount which had the effect of multiplying the liquidity on the contest - only for everything to be snapped up and the pounds 50,000 lay to disappear barely having been traded.

Sharp minds? More like one sharp mind and a few dull ones. Sprat to catch a mackerel is the phrase that comes to mind.
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Title Annotation:Sports
Publication:The Racing Post (London, England)
Date:Aug 3, 2005
Words:179
Previous Article:Carlisle: Mill By The Stream keeps the winners flowing for Midgley.
Next Article:Jonathan Kay: Dont blame TV for all our ills, weve just got too many tracks.


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